Treasury Wine Estates (TWE)

Interest in
Treasury Wine Estates
has been boosted since the completion of the SABMiller takeover of Foster’s Group, which leaves Treasury as the only listed liquor play on the S&P/ASX 200. The stock is up 10 per cent since listing in May, posting a $29.5 million rise in revenue to $1.5 billion for 2011 despite the strong Australian dollar affecting its overseas business and sluggish domestic consumer demand. The company, a spin-off of Foster’s, is the subject of its own takeover speculation, with China’s Bright Foods a potential suitor. Treasury is making a push into the Chinese wine market in particular to tap into demand for premium red wine. Joanna Heath